NEWSPACE INDIA LTD. (NSIL)

May 5, 2019

Officials in the DoS and ISRO have been trying to figure out how exactly Antrix and newly created NSIL would operate their respective businesses in the common, niche area.

About:

History: In February 2019, the Union Cabinet had cleared a new business arm for Department of Space (DoS). On March 6, 2019, the DoS registered NewSpace India Ltd. (NSIL) as its commercial entity.
Type: NSIL is the second commercial entity of the Department of Space (DoS) after Antrix Corporation Limited, which was set up in 1992 to market the products and services of the Indian Space Research Organisation (ISRO).
Headquarters: Bengaluru.
Financial administration: NSIL has an authorised capital of ₹10 crore and a paid up capital of ₹1 crore.
Mandate: The new company has following mandates –
- transfer technology to industry for producing the commercially successful PSLV spacecraft launchers;
- outsource assembly of small satellites and the upcoming Small Satellite Launch Vehicle (SSLV) and
- to commercially exploit the R&D work done by ISRO centres and DoS constituents.